TITLE

WHAT LIES AHEAD IN THE FIELD OF SMALL LOANS

AUTHOR(S)
SMITH, REGINALD HEBER
PUB. DATE
January 1954
SOURCE
Law & Contemporary Problems;Winter1954, Vol. 19 Issue 1, p120
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
In this article the author talks about the future of small loans in the U.S. The Uniform Small Loan Law prepared by the Russell Sage Foundation is said to be one of the most powerful legislation enacted in the field of consumer credit in the country. He believes that these days a majority of small loans are made on character and without any security. The licensed American company give small loans and deals with average American citizens. Many banks claims that small loans are difficult to repay due to high rate of interest.
ACCESSION #
59220001

 

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